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The arrival of electronic currencies could revolutionise the way Britons pay for goods and services, in much the same way as the internet shook up how we access information, the Bank of England has said.

Eleven companies raised $232 million this week, with the all but one (disclosed) round coming in at $2 million or more. Finovate alums accounted for more than half the total with Xero taking in $111 million and SecureKey $29 million.

Barclays will become the first British bank to allow people to make payments to each other and small businesses using just their Twitter handle.

The service – powered by its Pingit mobile phone app – aims to give the UK’s 13.5 million Twitter users the ability to make swift, secure payments through the social network without providing either their bank details or a phone number.

Chicago-based Victory Park Capital has set out plans to raise £200 million through a listing on the London Stock Exchange for a new vehicle which will invest through person-to-person lending platforms. The new vehicle, VPC Specialty Lending Investments, says it plans to publish its prospectus this week, with trading to begin around 17 March.

London-based fintech firm TransferWise led a naked march through New York’s financial district yesterday as part of a publicity stunt to mark the company’s arrival in the US.

The money-transfer startup, which recently bagged $58 million (£37.5 million) in a funding round led by Andreessen Horowitz, claims it is on a mission to disrupt some of banking's least transparent practices.

Envestnet, a provider of wealth management technology and services to financial advisors, as acquired Upside, a financial technology startup based in San Francisco. Terms of the acquisition were not disclosed.

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It's not hard to find reasons why disaffection with the European Union might be growing within Europe. GDP in the euro area has declined for the sixth successive quarter and unemployment is running at record levels in many countries.

David Chartier, on his blog Finer Things In Tech, found a really simple way to visualize Apple Pay's growth since its October launch.

When Apple first introduced Apple Pay back in September, the company proudly boasted that you could use its safe, contactless payments solution for iPhone in about a dozen different retailers. But, just a few months later, during Apple's Q4 earnings call in January, CEO Tim Cook said Apple Pay accounted for two out of three dollars spent via contactless payments.